Horse Racing, greyhounds and snooker specialist with thirty years experience of writing about sport across multiple platforms. A QPR and Snooker fan
Trading, Backing, Laying.
If you are new to Betfair and betting exchange strategy please visit the Laying and Exchanges Advice article at the OLBG Betting school.
Now last year this market went completely mad in the final minutes of the season and there was plenty of money to be made by opposing the market trend
Now there may be some injury news, manager change, cup comps to factor in but the general theory in the league still holds true.
EPL Example
Let us trade 3 random teams at the top of the EPL table, in the 2 Manchesters, City & United, and Chelsea
We will assume that they all start well and their prices range between 2.0 and 6.0 on Betfair.
We then look at trading them as the results come in and prices fluctuate.
Fellow OLBG member Davidg3907 does very similar in the EPL relegation market and has secured profit after profit season after season.
You can view his results on his Premier League Relegation Diary.
Remembering you are looking to secure a profit by trading the prices from result to result.
This strategy can be trialed in many sporting markets.
1. Result
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Man City win 5-0,
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Man Utd draw 0-0
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Chelsea win 2-1.
1.Premier League Winner Odds After Game
- Man City 2.0
- Man Utd 3.8
- Chelsea 6.0
1.Bets:
So we lay Man City and back Man Utd.
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2. Result
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Man Utd win 4-1.
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Man City win 3-0.
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Chelsea win 3-1
2.Premier League Winner Odds After Game
- Man City may now still be 2.0
- Man Utd may come into 3.2
- Chelsea shorten to 5.0
2.Bets
No Bets.
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3.Result
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Man City lose 1-0,
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Man Utd win 2-0
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Chelsea win 2-0
3.Premier League Winner Odds After Game
- Man City drift to 2.5
- Man Utd come in to 2.7.
- Chelsea tightens to 3.5.
3.Bets
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Back City at 2.5
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Lay Utd at 2.7
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Lay Chelsea at 3.5
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4.Premier League Winner Odds After Game
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Man City win 3-1.
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Man Utd draw 2-2
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Chelsea lose 2-1
4. Premier League Winner Odds After Game
- Man City shorten to 2.2.
- Man Utd drift to 3.1
- Chelsea drift to 4.5
4. Bets
- We back Chelsea
Bets Placed And Profit
So we have
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Lay City at 2.0
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Back Utd at 3.8
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Back City at 2.5
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Lay Utd at 2.7
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Lay Chelsea at 3.5
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Back Chelsea at 4.5
If we decide on 50pts per trade (back and lay) we now have a green screen and a profit locked-in on these teams of
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55pts Profit Man Utd.
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25pts Profit Man City.
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50pts Profit Chelsea.
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Man Utd is 140 profit less 85 liability.
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Man City 75 profit less 50 liability.
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Chelsea 175 profit less 125 liability.
You can play around with the stakes and trade whenever you wish but the theory that works is to back after a drift in the market and lay when the price shortens.
You are playing the market MOVEMENT rather than the perceived outcome
This is not a guarantee in any way at all - it is purely a viewpoint of how to go against the majority (remember 80-90% of traders on Betfair lose apparently) and you are trading back and forth to make profits and ignoring who is going to win the market
You could lose money if one team continues to drift or shorten and you may have to pick an exit point and suffer a loss but this particular market is good and you can have spectacular wins if you keep playing to the end (remember last season!)
